Veeva Systems (NYSE:VEEV) Price Target Raised to $280.00

Veeva Systems (NYSE:VEEV) had its target price raised by Mizuho from $270.00 to $280.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other research firms also recently commented on VEEV. Raymond James Financial reiterated an “outperform” rating and set a $225.00 target price on shares of Veeva Systems in a research report on Thursday, June 4th. BNP Paribas Exane restated an “outperform” rating and issued a $285.00 price target on shares of Veeva Systems in a research report on Thursday, June 4th. Needham & Company LLC boosted their price target on shares of Veeva Systems from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday. Guggenheim upped their price target on shares of Veeva Systems from $276.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Nineteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $284.46.

Veeva Systems Trading Down 1.7%

NYSE:VEEV opened at $277.27 on Thursday. The company has a market capitalization of $45.04 billion, a P/E ratio of 45.60, a P/E/G ratio of 1.19 and a beta of 0.92. Veeva Systems has a 12 month low of $148.05 and a 12 month high of $310.50. The business’s 50-day moving average is $208.48 and its 200 day moving average is $184.39.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $927.96 million during the quarter, compared to analyst estimates of $905.38 million. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%.The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.99 earnings per share. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. On average, research analysts forecast that Veeva Systems will post 6.65 earnings per share for the current year.

Insider Activity

In other news, insider Thomas D. Schwenger sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $250.23, for a total value of $9,008,280.00. Following the completion of the sale, the insider directly owned 19,449 shares of the company’s stock, valued at $4,866,723.27. This trade represents a 64.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by insiders.

Institutional Trading of Veeva Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Giverny Capital Inc. purchased a new stake in Veeva Systems during the 2nd quarter valued at $16,852,000. CYBER HORNET ETFs LLC purchased a new position in Veeva Systems during the second quarter worth $72,000. California State Teachers Retirement System boosted its stake in Veeva Systems by 16,590.3% during the second quarter. California State Teachers Retirement System now owns 39,388,224 shares of the technology company’s stock worth $6,990,228,000 after buying an additional 39,152,230 shares during the period. Washington Trust Advisors Inc. increased its position in Veeva Systems by 7.5% during the second quarter. Washington Trust Advisors Inc. now owns 49,843 shares of the technology company’s stock valued at $8,846,000 after acquiring an additional 3,475 shares during the last quarter. Finally, Wedmont Private Capital increased its position in Veeva Systems by 14.1% during the second quarter. Wedmont Private Capital now owns 1,938 shares of the technology company’s stock valued at $368,000 after acquiring an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems News Roundup

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Beat-and-raise quarter: Veeva reported fiscal Q2 revenue of approximately $928 million, up 17.6% year over year and above expectations. Non-GAAP EPS of $2.35 also exceeded consensus, while next-quarter revenue guidance of about $933.5 million was roughly 1.5% ahead of estimates. VEEV Q2 Deep Dive: AI Expansion, CRM Wins, and Accelerating R&D Cloud Adoption
• Positive Sentiment: AI and CRM momentum: Management highlighted demand for its Falcon AI platform, record Vault CRM execution and increasing adoption of its Commercial Cloud products. The company expects its first Falcon customers to go live this year, supporting the growth outlook. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Shareholder returns and financial strength: Veeva’s $2 billion buyback—of which about $1.4 billion reportedly remains—may offset stock-based compensation and support EPS growth. Approximately $1.8 billion in cash, $5.4 billion in short-term investments and minimal debt provide balance-sheet flexibility.
• Positive Sentiment: Higher bullish targets: Barclays raised its target to $315, RBC to $325, Guggenheim to $310, Truist to $305 and Robert W. Baird to $300, with buy, outperform or overweight ratings. Analyst price-target updates
• Neutral Sentiment: Valuation is demanding: VEEV trades near $277, with a reported P/E ratio of 45.6, leaving less room for execution mistakes after the recent rally.
• Negative Sentiment: Analyst caution and consolidation: Citi maintained a neutral rating with a $273 target, while BMO, Canaccord and Morgan Stanley targets were below the current price. The latest weakness may therefore represent consolidation as investors digest strong results and reassess the stock’s premium valuation.

About Veeva Systems

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.